Asian Development Bank approves $330 million loan for social protection in Pakistan

Staff members of the Asian Development Bank step out of the Manila-based lender's headquarters on February 17, 2009. (AFP/File)
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Updated 14 December 2024
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Asian Development Bank approves $330 million loan for social protection in Pakistan

  • This financing will support objectives of inclusive growth, poverty reduction, skills development and health care access
  • The ADB has committed over $52 billion to Pakistan, one of its founding members, since 1966 in public, private sector loans

ISLAMABAD: The Pakistani government has signed a loan agreement with the Asian Development Bank (ADB) for the Integrated Social Protection Development Program (ISPDP) additional financing amounting to $330 million, the government said on Saturday.
The ISPDP builds on the ongoing ADB-funded program for strengthening and expanding social protection systems in Pakistan through the Benazir Income Support Programme (BISP), according to the Pakistani government’s Press Information Department (PID).
In Pakistan, the federal government disburses billions of rupees annually to the underprivileged and vulnerable people through the BISP. The agreement was signed by Secretary Economic Affairs Dr. Kazim Niaz and ADB Country Director Emma Fan from respective sides.
“In his remarks, the Secretary, Ministry of Economic Affairs highlighted the importance of this additional financing from concessional lending for enhancing institutional capacity and improving access to education and health care, particularly among women, adolescent girls, and children from low-income families,” the PID said in a statement.




Pakistan's Economic Affairs Secretary Dr. Kazim Niaz (second left) and Asian Development Bank Country Director Emma Fan (second right) are signing a loan agreement for the Integrated Social Protection Development Program (ISPDP) in Islamabad, Pakistan, on December 14, 2024. (PID)

The ADB country director reaffirmed the bank’s commitment to supporting Pakistan’s objectives in strengthening social safety nets.
“This additional financing will support in achieving the program objectives of achieving inclusive growth, poverty reduction skills development and health care access for vulnerable populations,” Fan was quoted as saying.
The regional development bank has committed over $52 billion to Pakistan, one of its founding members, since 1966 in public and private sector loans, grants, and other forms of financing to promote inclusive economic growth in the country.
Last month, Pakistan and the Asian Development Bank (ADB) signed a $500 million loan agreement under the ‘Climate and Disaster Resilience Enhancement Program,’ according to Pakistani state media.
The program is aimed at strengthening Pakistan’s capacity for climate change adaptation and disaster risk management and will address the country’s vulnerabilities to natural disasters and climate impacts.


Peace can only prevail if Afghanistan renounces support for ‘terrorism’— Pakistan defense chief

Updated 04 March 2026
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Peace can only prevail if Afghanistan renounces support for ‘terrorism’— Pakistan defense chief

  • Pakistan’s chief of defense forces visits South Waziristan district bordering Afghanistan
  • Pakistan says has killed 481 Afghan Taliban operatives since clashes began last Thursday

ISLAMABAD: Pakistan’s Chief of Defense Forces Field Marshal Syed Asim Munir said on Wednesday that peace with Afghanistan can only prevail if Kabul renounces support for “terrorism” and “terrorist” organizations, the military’s media wing said as the two countries remain locked in conflict. 

Fighting between the two neighbors, the worst in decades, broke out last Thursday night after Afghan forces attacked Pakistan’s military installations along their shared border. Afghanistan said its attacks were in response to earlier airstrikes by Pakistan against alleged militant hideouts in its country. 

Pakistan accuses Afghanistan of sheltering militant outfits such as the Tehreek-e-Taliban Pakistan (TTP) on its soil who have launched attacks against Pakistani civilians and security forces in recent years. Kabul denies the allegations. 

Munir visited Wana town in Pakistan’s South Waziristan district to review the security situation and troops’ operational preparedness at the Afghan border, the Pakistani military’s media wing said in a statement. 

“The Field Marshal reiterated that peace could only prevail between both sides if the Afghan Taliban renounced their support for terrorism and terrorist organizations,” the Inter-Services Public Relations (ISPR) said. 

The military chief said the use of Afghan soil by militant outfits to launch attacks against Pakistan was unacceptable, vowing that “all necessary measures” would be taken to neutralize cross-border threats. 

During the visit, Munir was briefed by military commanders about ongoing intelligence-based operations and measures being taken by the military to manage the border with Afghanistan.

He was also briefed about “Operation Ghazab Lil Haq” or “Wrath for the Truth,” the name Pakistan has given to its military operation against Afghan forces, the ISPR said. 

The Pakistani military chief spoke to troops deployed in the area, praising their vigilance, professional conduct and high morale, the ISPR said. 

Pakistan’s Information Minister Attaullah Tarar said on Wednesday that the military has killed 481 Taliban operatives, injured more than 690 and destroyed 226 Afghan checkposts since clashes began. 

Arab News has been unable to verify claims by both sides about the damages they claim to have inflicted on each other.

Afghanistan has signaled it is open for dialogue but Pakistan rejected the offer, saying it would continue its military operations till its objectives were achieved. 

Since the conflict began, diplomatic efforts have intensified with several countries, including global bodies such as the European Union and United Nations, urging restraint and calling for talks.

Turkish President Recep Tayyip Erdogan told Pakistani Prime Minister Shehbaz Sharif that ⁠Ankara would help ⁠reinstate a ceasefire, the Turkish Presidency said on Tuesday, as other countries that had offered to mediate have since been hit by the conflict in the Gulf.